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Accounting Changes | 12 Months Ended
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Dec. 31, 2018
Disclosure Of Voluntary Change In Accounting Policy [Abstract] |
Accounting Changes |
6. | Accounting changes |  |  |  |  |  |  |
(a) | Change in estimate
During the three months ended March 31, 2018, the Company revised its estimate of the useful life of the Health Canada Licenses, and assessed that the licenses have an estimated useful life equal to the remaining useful life of the corresponding facilities described in Note 13(a). Previously, the Company estimated that the Health Canada licenses had an indefinite life. The change in estimate was accounted for prospectively.
(b) | Change in accounting policy
During the three months ended June 30, 2018, the Company made a voluntary change in accounting policy to capitalize the direct and indirect costs attributable to the biological asset transformation. The previous accounting policy was to expense these costs as period costs. The new accounting policy is included in Note 3(c).
The new accounting policy provides more reliable and relevant information to users as the gross profit before fair value adjustments only considers the costs incurred on inventory sold during the year, and excludes costs incurred on the biological transformation until the related harvest is sold. The following demonstrates the change for each prior period presented. There is no impact of this policy change on gross profit, net income (loss), basic and diluted earnings per share, the consolidated statement of financial position, or the consolidated the statement of changes in equity on the current or any prior period, upon retrospective application.
6. | Accounting changes (continued) |  |  |  |  |  |  |
(b) | Change in accounting policy (continued)
|  | 2018 |  |  | 2017 |
| Original accounting policy |  |  | New accounting policy |  |  | Original accounting policy |  |  | New accounting policy |
Consolidated statement of operations and comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales before fair value adjustments | $ | 2,942 |  |  | $ | 7,654 |  |  | $ | 609 |  |  | $ | 2,040 |
Production costs |  | 7,145 |  |  |  | - |  |  |  | 3,983 |  |  |  | - |
Total cost of sales |  | 10,087 |  |  |  | 7,654 |  |  |  | 4,592 |  |  |  | 2,040 |
Gross profit (loss) before fair value adjustments |  | 5,616 |  |  |  | 8,049 |  |  |  | (510 | ) |  |  | 2,042 |
Fair value adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized change in fair value of biological assets |  | (18,713 | ) |  |  | (11,568 | ) |  |  | (11,620 | ) |  |  | (7,637 | )
Realized fair value adjustments on inventory sold in the year |  | 13,061 |  |  |  | 8,349 |  |  |  | 3,880 |  |  |  | 2,449 |
Total fair value adjustments |  | (5,652 | ) |  |  | (3,219 | ) |  |  | (7,740 | ) |  |  | (5,188 | )
Gross profit | $ | 11,268 |  |  | $ | 11,268 |  |  | $ | 7,230 |  |  | $ | 7,230 |
|  | 2018 |  |  | 2017 |
| Original accounting policy |  |  | New accounting policy |  |  | Original accounting policy |  |  | New accounting policy |
Consolidated statement of cash flows |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Items not affecting cash: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized change in fair value of biological assets | $ | (18,713 | ) |  | $ | (11,568 | ) |  | $ | (11,620 | ) |  | $ | (7,637 | )
Realized fair value adjustments on inventory sold in the year |  | 13,061 |  |  |  | 8,349 |  |  |  | 3,880 |  |  |  | 2,449 |
Net changes in non-cash working capital: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Biological assets |  | 13,361 |  |  |  | 6,216 |  |  |  | 9,693 |  |  |  | 5,710 |
Inventory |  | (16,229 | ) |  |  | (11,517 | ) |  |  | (10,388 | ) |  |  | (8,957 | )
Net effect on cash flows used in operating activities | $ | (8,520 | ) |  | $ | (8,520 | ) |  | $ | (8,435 | ) |  | $ | (8,435 | )

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- Definition The entire disclosure for changes in accounting policies, accounting estimates and errors. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 8 -IssueDate 2017-01-01 -Section Accounting policies -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=8&date=2017-03-01&anchor=sect_Accountingpolicies&doctype=Standard -URIDate 2017-03-09 + Details
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